Tiraspol, 28 March. /Novosti Pridnestrovya/. President Yevgeny Shevchuk signed a Decree on Obligatory Sale of Foreign Currency Revenue in an amount of 7%.
This decree will become effective after 7 (seven) days after the day of its official publication.
It's important to remind, that there was deficiency in the Pridnestrovie's foreign exchange market at the beginning of March, 2016. Steep increase in currency demand occurred at the end of February alongside negative expectations on the electric supply contract with Moldova. Feverish demand in the foreign exchange market caused the Central Bank's forced introduction of a special foreign exchange auction mode pending adoption of the credit policy decision by the Supreme Council according to the presidential decree on March 3. At the meeting of the Security Council and State Council in March, 2016, the PRB offered a number of solutions for overcoming the currency deficiency. Among these decisions, there was a downward realignment of an exchange rate. At the same time, the Government began to work out the offers on possible devaluation mitigation. The Supreme Council Presidium decided to maintain trading band within 11−11.3 rubles for 1 USD.
